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EOPA TWhiters2

TermDefinition
Profit And Loss Account a financial statement showing revenue, expenditure and profit during a given period
EBITDA Earnings before Interest, Taxes, Depreciation and Amortization
Amortization the loss in value of an intangible asset (e.g. the purchase of a license or trademark)
Balance Sheet a financial statement that reports assets, liabilities, and owner's equity on a specific date
Asset anything of value owned by a business
Shareholders´ Equity the shareholder's claims on a company's assets after all of its creditors have been paid
Fixed Assets Or Long-Term Assets items that are relatively permanent, such as land, buildings, and equipment
Long-Term Liabilities financial obligations that will take the business more than one year to repay
Accrued Taxes taxes built up over time, unpaid taxes
Retained Profit reserves, the amount of profit which is kept back by a business for future investment
Created by: Tiana223
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